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CoStar Group（CSGP）与第一太阳能（FSLR）财务数据对比。点击上方公司名可切换其他公司
第一太阳能的季度营收约是CoStar Group的1.9倍（$1.7B vs $899.9M），第一太阳能净利率更高（31.0% vs 5.2%，领先25.8%），CoStar Group同比增速更快（26.9% vs 11.1%），过去两年第一太阳能的营收复合增速更高（29.0% vs 17.1%）
CoStar Group是1987年成立的美国商业地产服务商，总部位于弗吉尼亚州阿灵顿，业务覆盖北美、欧洲地区，为商业地产行业提供信息、分析及营销解决方案，旗下运营CoStar线上数据库、新闻网站及Apartments.com、Homes.com等多个线上平台。
第一太阳能是美国上市光伏面板制造商，1990年成立时名为Solar Cells, Inc.，1999年被True North Partners收购后改为现名。公司采用碲化镉（CdTe）半导体技术生产刚性薄膜光伏面板，旗下所有生产基地均提供退役面板回收服务。
CSGP vs FSLR — 直观对比
营收规模更大
FSLR
是对方的1.9倍
$899.9M
营收增速更快
CSGP
高出15.7%
11.1%
净利率更高
FSLR
高出25.8%
5.2%
两年增速更快
FSLR
近两年复合增速
17.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $899.9M | $1.7B |
| 净利润 | $46.5M | $520.9M |
| 毛利率 | 78.6% | 39.5% |
| 营业利润率 | 5.5% | 32.6% |
| 净利率 | 5.2% | 31.0% |
| 营收同比 | 26.9% | 11.1% |
| 净利润同比 | -22.2% | 32.5% |
| 每股收益（稀释后） | $0.12 | $4.84 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CSGPFSLR
| Q1 26 | — | $1.7B | ||
| Q4 25 | $899.9M | $1.7B | ||
| Q3 25 | $833.6M | $1.6B | ||
| Q2 25 | $781.3M | $1.1B | ||
| Q1 25 | $732.2M | $844.6M | ||
| Q4 24 | $709.4M | $1.5B | ||
| Q3 24 | $692.6M | $887.7M | ||
| Q2 24 | $677.8M | $1.0B |
净利润CSGPFSLR
| Q1 26 | — | $520.9M | ||
| Q4 25 | $46.5M | $520.9M | ||
| Q3 25 | $-30.9M | $455.9M | ||
| Q2 25 | $6.2M | $341.9M | ||
| Q1 25 | $-14.8M | $209.5M | ||
| Q4 24 | $59.8M | $393.1M | ||
| Q3 24 | $53.0M | $313.0M | ||
| Q2 24 | $19.2M | $349.4M |
毛利率CSGPFSLR
| Q1 26 | — | 39.5% | ||
| Q4 25 | 78.6% | 39.5% | ||
| Q3 25 | 79.3% | 38.3% | ||
| Q2 25 | 78.5% | 45.6% | ||
| Q1 25 | 79.1% | 40.8% | ||
| Q4 24 | 80.1% | 37.5% | ||
| Q3 24 | 79.7% | 50.2% | ||
| Q2 24 | 80.0% | 49.4% |
营业利润率CSGPFSLR
| Q1 26 | — | 32.6% | ||
| Q4 25 | 5.5% | 32.6% | ||
| Q3 25 | -6.1% | 29.2% | ||
| Q2 25 | -3.5% | 33.0% | ||
| Q1 25 | -5.8% | 26.2% | ||
| Q4 24 | 5.6% | 30.2% | ||
| Q3 24 | 3.4% | 36.3% | ||
| Q2 24 | -2.4% | 36.9% |
净利率CSGPFSLR
| Q1 26 | — | 31.0% | ||
| Q4 25 | 5.2% | 31.0% | ||
| Q3 25 | -3.7% | 28.6% | ||
| Q2 25 | 0.8% | 31.2% | ||
| Q1 25 | -2.0% | 24.8% | ||
| Q4 24 | 8.4% | 26.0% | ||
| Q3 24 | 7.7% | 35.3% | ||
| Q2 24 | 2.8% | 34.6% |
每股收益（稀释后）CSGPFSLR
| Q1 26 | — | $4.84 | ||
| Q4 25 | $0.12 | $4.84 | ||
| Q3 25 | $-0.07 | $4.24 | ||
| Q2 25 | $0.01 | $3.18 | ||
| Q1 25 | $-0.04 | $1.95 | ||
| Q4 24 | $0.14 | $3.66 | ||
| Q3 24 | $0.13 | $2.91 | ||
| Q2 24 | $0.05 | $3.25 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.6B | $2.8B |
| 总债务越低越好 | $140.0M | $498.6M |
| 股东权益账面价值 | $8.3B | $9.5B |
| 总资产 | $10.5B | $13.3B |
| 负债/权益比越低杠杆越低 | 0.02× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资CSGPFSLR
| Q1 26 | — | $2.8B | ||
| Q4 25 | $1.6B | $2.8B | ||
| Q3 25 | $1.9B | $2.0B | ||
| Q2 25 | $3.6B | $1.1B | ||
| Q1 25 | $3.7B | $837.6M | ||
| Q4 24 | $4.7B | $1.6B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.7B |
总债务CSGPFSLR
| Q1 26 | — | $498.6M | ||
| Q4 25 | $140.0M | — | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.0B | — |
股东权益CSGPFSLR
| Q1 26 | — | $9.5B | ||
| Q4 25 | $8.3B | $9.5B | ||
| Q3 25 | $8.6B | $9.0B | ||
| Q2 25 | $8.6B | $8.5B | ||
| Q1 25 | $8.6B | $8.2B | ||
| Q4 24 | $7.6B | $8.0B | ||
| Q3 24 | $7.5B | $7.6B | ||
| Q2 24 | $7.4B | $7.3B |
总资产CSGPFSLR
| Q1 26 | — | $13.3B | ||
| Q4 25 | $10.5B | $13.3B | ||
| Q3 25 | $10.8B | $13.5B | ||
| Q2 25 | $10.5B | $12.9B | ||
| Q1 25 | $10.4B | $12.1B | ||
| Q4 24 | $9.3B | $12.1B | ||
| Q3 24 | $9.1B | $11.4B | ||
| Q2 24 | $9.1B | $11.0B |
负债/权益比CSGPFSLR
| Q1 26 | — | 0.05× | ||
| Q4 25 | 0.02× | — | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.12× | — | ||
| Q1 25 | 0.12× | — | ||
| Q4 24 | 0.13× | — | ||
| Q3 24 | 0.13× | — | ||
| Q2 24 | 0.14× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $162.1M | $2.1B |
| 自由现金流经营现金流 - 资本支出 | $101.3M | — |
| 自由现金流率自由现金流/营收 | 11.3% | — |
| 资本支出强度资本支出/营收 | 6.8% | — |
| 现金转化率经营现金流/净利润 | 3.49× | 3.95× |
| 过去12个月自由现金流最近4个季度 | $123.0M | — |
8季度趋势，按日历期对齐
经营现金流CSGPFSLR
| Q1 26 | — | $2.1B | ||
| Q4 25 | $162.1M | $1.2B | ||
| Q3 25 | $68.2M | $1.3B | ||
| Q2 25 | $146.5M | $149.6M | ||
| Q1 25 | $53.2M | $-608.0M | ||
| Q4 24 | $94.6M | $811.0M | ||
| Q3 24 | $100.3M | $-53.7M | ||
| Q2 24 | $58.1M | $193.0M |
自由现金流CSGPFSLR
| Q1 26 | — | — | ||
| Q4 25 | $101.3M | $1.1B | ||
| Q3 25 | $-5.5M | $1.1B | ||
| Q2 25 | $27.7M | $-138.6M | ||
| Q1 25 | $-500.0K | $-813.9M | ||
| Q4 24 | $25.2M | $497.5M | ||
| Q3 24 | $40.2M | $-487.7M | ||
| Q2 24 | $-14.7M | $-172.1M |
自由现金流率CSGPFSLR
| Q1 26 | — | — | ||
| Q4 25 | 11.3% | 63.6% | ||
| Q3 25 | -0.7% | 67.1% | ||
| Q2 25 | 3.5% | -12.6% | ||
| Q1 25 | -0.1% | -96.4% | ||
| Q4 24 | 3.6% | 32.9% | ||
| Q3 24 | 5.8% | -54.9% | ||
| Q2 24 | -2.2% | -17.0% |
资本支出强度CSGPFSLR
| Q1 26 | — | — | ||
| Q4 25 | 6.8% | 10.2% | ||
| Q3 25 | 8.8% | 12.8% | ||
| Q2 25 | 15.2% | 26.3% | ||
| Q1 25 | 7.3% | 24.4% | ||
| Q4 24 | 9.8% | 20.7% | ||
| Q3 24 | 8.7% | 48.9% | ||
| Q2 24 | 10.7% | 36.1% |
现金转化率CSGPFSLR
| Q1 26 | — | 3.95× | ||
| Q4 25 | 3.49× | 2.38× | ||
| Q3 25 | — | 2.79× | ||
| Q2 25 | 23.63× | 0.44× | ||
| Q1 25 | — | -2.90× | ||
| Q4 24 | 1.58× | 2.06× | ||
| Q3 24 | 1.89× | -0.17× | ||
| Q2 24 | 3.03× | 0.55× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CSGP
| Co Star | $503.8M | 56% |
| Other | $283.0M | 31% |
| Loop Net | $94.7M | 11% |
FSLR
暂无分部数据
